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Property profile & analytics
OFF-MARKET
Estimated value
$128,020,000
Apartment buildings
198 Halpine Rd Rockville, MD 20852-1661
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US40-1516626
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (100+ UNITS)
Year built
2005
Total area
414,000 SF
Lot
7.28 ac (317,180 SF)
Zoning code
MXCD
APN
04-03395616
UPID
US40-1516626
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Reardon Joseph DDS Dental Office
-
Arterix Pest Control Garden Center
-
Jfgh Adam Thal Nursing Home Retirement Community
-
Arvin Design Studio Marketing & Advertising (Bike/Boat/Book/etc) Store
-
Cheap Seo Click Advertising Agency Marketing & Advertising
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$105.17M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$128.02M
Owner & transaction history
Windfall Rockville LLC · 3 yrs held
Windfall Rockville LLC
since 2023
Last sale
$128.6M
6 recorded transactions
Zoning & alternative use
MXCD · Rockville, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Rockville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Rockville submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$149,820,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$113,925,000
6.5%
$105,165,000
7%
$97,650,000
Blend value · Realmo final
$128.02M
Range $115.22M – $140.82M · ±10% · vs last sale $128.55M (Feb 8 2023)
Last sale anchor
$128.55M
Feb 8 2023
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$309 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2022Property tax & assessments
Tax year 2022
Tax billed
$1,325,065
Tax year 2022
Assessed value
$105,188,000
Assessed 2023
Previous assessed
$105,188,000
+0.0% YoY
Effective rate
1.26%
On assessed value
Assessed land
$24,511,600
Assessed improvement
$80,676,400
Land market value
$24,511,600
Improvement market value
$80,676,400
Total market value
$105,188,000
Applied tax rate
12.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Apartment buildings
Use group
APARTMENT HOUSE (100+ UNITS)
Status
Off-Market
Year built
2005
Heating
HOT WATER
Cooling
AC.CHILLED WATER
Stories
4
Units
403
Total area
414,000 SF
Lot
7.28 ac (317,180 SF)
Zoning code
MXCD
APN
04-03395616
UPID
US40-1516626
Jurisdiction
MONTGOMERY
Metro division
BETHESDA-GAITHERSBURG-FREDERICK, MD METROPOLITAN DIVISION
Zoning & alternative use
MXCD · Rockville, MD
Zoning MXCD · permitted uses
MXCD · Rockville, MD
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Rockville. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2005
Heating
HOT WATER
Cooling
Yes
Stories
4
Units
403
Lot
7.28 ac
Current owner
From public records · entity-resolved
Windfall Rockville LLC
Entity
Mailing address
4360 E NEW YORK ST STE #1700, AURORA, IL 60504-4121
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 8, 2023
$44,000,000
Windfall Rockville LLC
Cv Shopping Center Associates LLC
Trustees Deed
related
$30,800,000 · First Technology Federal Cu
Jul 28, 2022
$101,000,000
Cx Residences At Congressional Vill
198 Halpine Rcv LLC
Ground Lease
related
$46,643,000 · Key Bank NA
Oct 12, 2021
$128,550,000
Terra Funding Rcv LLC
Mept Congressional Village LLC
Special Warranty Deed
$64,750,000 · The Mf Rcv Trust
Jan 4, 2017
$31,500,000
Mept Congressional Village LLC
Congressional Village Assocs L
Grant Deed
related
—
Oct 29, 2004
—
Congressional Village Assocs LLC
Congressional South Assocs
Quit Claim Deed
related
$18,500,000 · Deutsche Banc Mortgage Capital
—
—
Stellar Congressional Village
—
Deed Of Trust
related
$61,000,000 · Lehman Capital Corp
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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